Shanghai Fudan Zhangjiang Bio Pharmaceutical Co (DE:FDY) has released an update.
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Shanghai Fudan Zhangjiang Bio Pharmaceutical Co has invested RMB200 million in a structured deposit product with Ping An Bank, utilizing idle funds from its daily operations. The 82-day investment is principal-guaranteed, linked to gold, and offers an expected annualized return rate between 0.50% and 2.10%, without requiring shareholder approval. The deal aligns with the company’s financial strategy and adheres to the necessary reporting standards set by the Listing Rules.
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